BDSwiss Review

BDSwiss

BDSwiss

www.bdswiss.group

  • Leverage: 1:500

  • Regulation: ESMA, CySEC, FSC, NFA, FSA

  • Min. Deposit: 100 US$

  • HQ: Switzerland, Cyprus

  • Platforms: MT4, MT5, BDSwiss Webtrader and Mobile App

  • Found in: 2012

BDSwiss Licenses

  • BDSwiss Holdings Ltd. - authorized CySEC (Cyprus) registration no. 199/13
  • BDS Markets -authorized by the FSC (Mauritius) registration no. C116016172
  • BDSwiss LLC - authorized by U.S. National Futures Association NFA ID: 0486419
  • BDS Ltd - authorized by FSA (Seychelles) registration no. SD047
  1. What is BDSwiss?
  2. BDSwiss Pros and Cons
  3. Awards
  4. Is BDSwiss safe or a scam?
  5. Leverage
  6. Accounts
  7. Fees
  8. Spreads
  9. Market Instruments
  10. Deposits and Withdrawals
  11. Trading Platform
  12. Customer Support
  13. Education
  14. Research
  15. Conclusion

What is BDSwiss?

BDSwiss is an international brokerage firm established in 2012 in Zurich, which fastly approached Markets and became one of the largest trading groups. The current clients’ base of BDSwiss counting more than a 1.5 million clients from over 186 countries, as well as serving exclusive Member club that has more than 1.5 million traders.

Since the approach of the company establishment comes from Switzerland, its strong basis confirmed by the great environment company built. And ever since providing online trading services as a worldwide operating group with its headquarters in Limassol – Cyprus and established offices in Berlin – Germany, Kuala Lumpur – Malaysia, Tirana – Albania, Pristina – Kosovo.

BDSwiss Pros and Cons

BDSwiss is a heavily regulated broker with Swiss banking license and worldwide coverage including US. BDSwiss has good reputation and user friendly trading conditions, there is good choice between trading platforms, account opening is fast and customer service is great quality with education and research tools.

On the other hand, BDSwiss trading proposal depends on the entity and instruments are limited to Forex and CFDs.

BDSwiss Review

10 Points Summary
🏢 HeadquartersSwitzerland
🗺️ RegulationBaFin, ESMA, CySEC, FSC, NFA, FSA
🖥 PlatformsMT4, MT5
📉 InstrumentsStocks, Commodities, Forex, Metals, Indices, Cryptocurrencies, ETFs
💰 EUR/USD Spread1.5 pips
🎮 Demo AccountAvailable
💳 Minimum deposit$100
💰 Base currenciesUSD, EUR, GBP
📚 EducationLearning Academy with Forex Courses
☎ Customer Support24/5

Awards

BDSwiss has earned not only great reviews from world trading community but also numerous industry awards for its successful operation and trading technology they heavily invest in. BDSwiss was rewarded and recognized for its excellent service and trading technology confirming its sustainable trading conditions and also very much recognizing its Trading App along with Trade Execution:

  • 2020 BEST FX & CEDs PROVIDER International Investor Awards
  • 2020 BEST PARTNERSHIP PROGRAM ASIA Global Banking & Finance Awards
  • 2020 BEST MARKET RESEARCH PROVIDER FxScouts Awards
  • 2021 BEST MOBILE TRADING PLATFORM EUROPE Global Banking & Finance Awards
  • 2021 BEST FX RESEARCH & EDUCATION PROVIDER World Finance Awards

Yet, more of the detail you will see further in our BDSwiss Review so that you’re able to verify so.

BDSwiss Awards

Is BDSwiss safe or a scam

No, BDSwiss is not a scam, is regulated by Swiss, Cyprus and other authrotities providng low risk Forex ad CFDs.

BDSwiss is a trading name of the BDSwiss Holdings Ltd., a company incorporated under the laws of Cyprus which also holds a Cyprus Securities and Exchange Commission license to provide its legal financial and trading services. As a state member of the EU, the Cyprus regulation fully complies regarding the provision of investment services with the European MiFID and MiFID II Directives designed to deliver a safe trading environment and control the operation of markets itself.

Also, BDSwiss being a holding serves entities in Cyprus, Germany and other offices where is all authorized to deliver trading opportunity.

Is BDSwiss a regulated broker?

Thus, the BDSwiss company is eligible to provide services within the EEA zone and is a regulated broker, while the local authorities registered the company in their records of accomplishment or in simple allowing to conduct offerings legally due to broker’s records.

Another BDSwiss operation offices located in attractive offshore zones Mauritius and Seychelles, which is registered by the Mauritius Financial Services Commission (FSC) and all in all enhance the broker’s possibility to offer its service to various residents globally. Even though the offshore registration does not give serious and safe compliance to the trading standards and operation, since BDSwiss in parallel is regulated by the European respected authority overall it is considered to be a safe broker.

However, as we always recommend check on the regulation carefully and never sign in with an only offshore registered broker (read more why avoid trading with offshore brokers).

BDSwiss license

How are you protected?

According to the regulation, the security of funds along with the client protection delivered in multiple ways that ensure a safe trading environment and investors’ legal compliance. It is a fact that you are always protected as long as the broker is regulated by the regulations. Moreover, the BDSwiss registered with U.S. authority NFA as a member and an introducing company – BDSwiss LLC – authorized by NFA (U.S.) registration no. 0486419.

Leverage

Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.

However, the opinions of authorities about “safe levels” are different, so make sure to verify under which regulation you will fall so that the level is defined correctly as well.

  • European clients can now use only a maximum leverage level 1:30 for Forex instruments
  • The global BDSwiss traders may be still entitled for a higher range of up to 1:500

For the most accurate data check on the official BDSwiss platform and verify its allowance with your residual status, also make sure to check each instrument separately as it varies according to the asset as well.

BDSwiss spreads

Account types

BDSwiss currently offers three main account types which are Classic, Vip and Raw, created to cater to the needs of different Forex traders through lower costs according to trading sizes and advanced services once size increase. While Classic and Vip account are based on spread only model, Raw account features interbank spreads and commission charge per lot.

When opening your trading account there is an option to choose the desired base currency through the selection between the Euro (€), US Dollar ($) and the British Pound (£), which is definitely great as it means you will not be charged for currency conversion, while the account balance can’t fall below zero due to the applied negative balance protection.

BDSwiss also does offer a Forex or CFD “Demo Account” that is free of capital risk environment allowing either to learn or practice strategies, check the trading conditions before the live account is active, which is very necessary for your better understanding.

How to open an Account?

  1. Load BDSwiss Sign In page. You may also sign with an existing account on Facebook or Google.
  2. Enter your personal data (Name, email, phone number, etc)
  3. Upload your documents to verify the account. It is a legal procedure to check proof of your residents, through utility bill, your ID or similar.
  4. Complete questioner about your trading experience and expectations
  5. Once your account is activated you will get access to your account area.
  6. Next, once you learn all risks and benefits involved, you may proceed with funding.
  7. Almost instantly you will be able to start trading through BDSwiss platforms.

Fees

BDSwiss trading fees are mainly based on as spreads, for each underlying asset you will be charged for we will find the usual applicable spread, while the rollover for short and long positions is also additional charge if you held positions overnight, as well as the margin requirement. Full BDSwiss pricing including funding fees and Administration fee for non-use account, see the table below.

FeesBDSwiss FeesAvaTrade FeesPlus500 Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageAverageLow

Spreads

BDSwiss Classic and VIP account fees are all included in the spread spreads and commissions charged when conducting trade and vary according to the account type you select. If you are a trader of bigger size and the one prefer commission basis then Raw Account is your choice. The Raw account offers an interbank spread and commission paid per transaction opening which is 5$.

To get a closer look, check below the comparison on most popular assets applicable to the BDSwiss Classic Account type, while the broker himself mentions that Classis spread are starting from 1.5 pips and VIP feature lower conditions with a spread from 1.1 pip.  Also, you may compare BDSwiss fees to its peer XM Trading and other popular brokers listed below.

Asset/ PairBDSwiss SpreadAvaTrade SpreadPlus500 Spread
EUR USD Spread1.5 pips1.3 pips0.6 pips
Crude Oil WTI Spread632
Gold Spread254029
BTC/USD Spread20000.75%0.35%

Snapshot of BDSwiss spreads

BDSwiss fees

Trading Instruments

BDSwiss provides access to seamless trading through the great range of 250+ underlying assets, while you may choose from leading Shares, Indices, Forex, Commodities and Cryptocurrencies based on CFDs and ETFs.

Therefore, with access to most liquid and popular markets you may choose the desired and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.

Can I trade Cryptocurrencies?

The trading costs and account types are among the average in BDSwiss offering, along with the range of tools that bringing powerful portfolio feature and a possibility to trade popular Cryptocurrencies. SO yes you can trade Cryptocurrencies based on CFDs also with quite good costs.

In addition, the company runs an active blog and community of traders, which allows sharing the experience to get better knowledge about the markets and trading itself. So the conclusion comes to the point of a quality BDSwiss offering that may suit either beginning trader or even the seasoned professional.

Funding Methods

BDSwiss works with a variety of payment service providers that ensure your possibility to cover a wide range of deposit methods in a particular country.

Deposit methods

The methods including a wide range of payment options yet may vary according to the country regulations and your residence so always good to verify this information with the support center as well.

  • credit cards
  • bank transfers
  • Sofortüberweisung
  • Skrill, iDEal, EPS, giropay, and many more

BDSwiss Minimum deposit

BDSwiss minimum deposit is 100$, which is an attractive opportunity to many traders for a Classic account. Also, BDSwiss does not charge any fees on credit card/electronic wallet deposits as well, yet may vary from entity rules to another.

BDSwiss minimum deposit vs other brokers

BDSwiss Most Other Brokers
Minimum Deposit $100 $500

BDSwiss deposit

Withdrawals

BDSwiss arranges withdrawal options with good range of supported payment methods, while the minimum withdrawal amount is $100, in most cases the withdrawals processed free of charge. Yet in case you would like to withdraw less than the mentioned amount the broker may add on a fixed processing fee of 10$.

How long does it take to withdraw money from BDSwiss?

As the broker mentions it always aiming to give withdrawal service within 24 hours, yet this is applicable towards working business days, as on weekends or holidays it may take longer to proceed. As well, always give additional days for your payment to proceed with the transaction once it is already confirmed and done by BDSwiss.

How do I withdraw money from BDSwiss?

You should login to your Client Portal and submit a withdrawal request by following of the required procedure. You can check the steps by following this link.

Trading Platforms

The software solution offered by the BDSwiss mainstays at the popular choice of MetaTrader4 platform, that provides a comprehensive trading feature and vast of solutions. It is not actually a surprise, as MT4 is a known industry intuitive platform that allows trading anywhere and anytime with advanced charting tools, indicators to manage the risks with a better possibility to determine price direction.

ProsCons
Proprietary Web trading platformNone
User friendly design and login
Price alerts
MT4 and MT5 offered as well
Supporting many languages

Web Trading

Proprietary BDSwiss WebTrader is fully based online, so you don’t need any downloads or installation and may access trading right from your browser. The platform has a clean view and quite comprehensive and powerful analysis features including technical analysis and risk management tools. So even by the use of WebTrader you can make full out of trading.

BDSwiss platform

Mobile Trading Platform

Of course, BDSwiss developed its Mobile App as well, which actually is highly rewarded by traders and publications as well. All the most important features are available there, so being on the go you still may perform analysis, check on the open positions, manage them and access your account management.

Desktop Platform

The available versions of both MetaTrader4 and MetaTrader5 suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. SO yet you can download the desktop version for those platforms and use its full capability, which is more required by active or professional traders.

There is no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tool and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one.

MT5 being a newer version also gained great popularity and features even more developed tools and comprehensive analysis options, loved either by beginners or professionals. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one either with manual trading or automated trading through EAs.

The available versions suited to various devices and including PC, Mac, Applications or Web platform that requires no installations. There are no questions why so many traders choosing MT4, as the platform is simply good with its charting capabilities, a range of tools and what is more pleasant a vast of add-ons that are available on the market and making the trading process a pleasant one. Moreover, there are plenty of strategies to choose from, that are useful for every trader, novice or experienced one.

Customer Support

One of the other great points we should admit is Customer Support. BDSwiss multilingual support is available with service the trader requires daily which is also on a very sustainable and professional level. Even though you can Live Chat, Phone or Email them within working hours 24/5 we still remain happy with its quality level.

Education

By maintaining optimum support and assistance, refined products and full transparency the BDSwiss also educates its clients through its Academy. Educational resources covering useful information on how to operate in markets, develop own trading strategy with accredited courses and webinars.

Together with comprehensive education materials provided by Forex Courses, defined by the level of expertise, Webinars and Seminars. Moreover, the broker offers Daily Webinars, which is an incredible opportunity for all the traders  (and especially for the beginners) to expand their Forex knowledge. You will also access useful information with market alerts, trading information and analysis through its established BDSWiss Blog, which is definitely good and necessary for any trader especially beginners.

Research

Also, BDSwiss offers great research tools and supporting traders with unique materials making you a better trader. Besides general and popular tools alike Economic Calendars, good quality market Analysis provided by BDSwiss Analyst team, there is also access to Authochartist and Trading Alerts available to all clients. There is also another amazing and helpful tool that can be find in the BDSwiss Research PortalDaily Market Analysis, that provides 24/5 market coverage and leading financial commentary through daily previews, video briefs and special reports.

However, the level of depth in research tool is depending on the client portfolio or account types, alike VIP and Raw account holders will benefit from deeper research materials including Exclusive Webinars, Performance Stats, VIP Trading Alerts and more.

Conclusion

An overall BDSwiss review shows us a company that managed to increase client portfolio to over a million customers. There are stable trading conditions and a global proposal suited to worldwide clients. The broker relies on Swiss expertise in finance and provides an opportunity to engage in trading to almost any resident, due to their regulation by the EU authority and other additional registrations.

BDSwiss signals

Robby From Indonesia | | Thursday, April 30, 2020

This broker sucks. i have open position which is in floating profit. but suddenly it was closed by itself. i have email them but i have got no replied from them.

  • Robby
  • Robby
  • Robby

No news available.

43 responses to “BDSwiss”

  1. Have you previously sent me emails? Wanting to know if I’m getting scammed or not.

    Spoke to someone called Hannah Mccurry, if you could confirm whether she works for you that would be grateful

    • Last week i made the deposit of R3000 to. bdswiss and the guy who was helping me he demand me to deposit another R15000 so that my account to be activated ,my question to him how can i deposit another amount when i already do .how many deposit there have to do when u joining (so i want my money back )

  2. Hello. I am thinking about using you as a broker, but wanted to know if you are regulated in the UK where I live?

  3. Hi James, thank you for your question. Although BDSwiss Holding Ltd (former BDSwiss Holding PLC) is not regulated by the FCA UK, we are currently registered under reference number 607761.
    https://register.fca.org.uk/s/firm?id=001b000000NMjiIAAT

    With this in mind, you should still be able ot use BDSwiss as your broker of choice as BDSwiss Holding Ltd (former BDSwiss Holding PLC) is authorised and regulated by CYSEC under license No. 199/13.

    If you require any further clarification please feel free to contact us at support@bdswiss.com and our team will be more than happy to assist you.
    Thanks again,
    The BDSwiss Team

  4. hello, can i use bd swiss in Nigeria. also what is the leverage for indices for my region. can i fund my account via crypto btc?

    • Hi Edna, thank you for your comment. To receive a more comprehensive response regarding your question, please contact us at support@bdswiss.com to provide and our team will be happy to assist you further.
      Have a great day!
      The BDSwiss Team

  5. You don’t accept customer from Iran!!!!also USA!!!the value of both countries is less than others?!! Compare with African countries!!!or Yemen or Afghanistan Pakistan indi…hey …are you kidding me?!

  6. What I’m currently experiencing with BDSWISS as regard withdrawal is very appalling
    I signed up with them with a view of trading with a bot someone recommended but few days later i found the bot’s performance not in line with my risk and money management techniques i then disable the bot and place a withdrawal for $181 on April 13 2021
    They requested for additional document since i deposited via bitcoin
    I submitted the document and the withdrawal was approved on April 14th and my trading account was debited immediately
    As i write this now April 20th my money is yet to reflect on my account
    I have written to support all i got was just an acknowledge of my mail
    I have chatted with their live agent all i get is promises that i will be paid
    I must say this is the worst experience i have had in my over 14 years of trading
    Paying withdrawals promptly is one of the hallmarks of a good broker
    They better state it in their website that withdrawing is not easy so that people know what they’re getting into from the very beginning

    • Hey bro i am a new trader and i want to know more about trading. Please kindly text me on my email so we can discuss more about that…

      • hey bro im also a new trader and I want know more about rating have you found any person wh can help you can you share with me information thank you for your help

  7. Hi Otuata, we are sorry to see that this delay has affected your BDSwiss Experience. Please note that your withdrawal was processed on the 14th of April. BDSwiss does not have any control of the funds once they are processed and the time needed for the funds to be transferred to the client’s account may vary, depending on the payment method.
    Should you require any further assistance or clarification please contact us at support@bdswiss.com, our team is always at your disposal.
    Thank you for your patience.
    The BDSwiss Team

  8. May I ask if how can I convert dollars when withdrawing from trading account into my local currency which is php? Does depositing local currency automatically convert into dollars?

    • Hi Marc, thank you for your comment. To assist you further with your query please contact us at support@bdswiss.com. Our Team would be able to respond to any questions or clarifications you may have.
      Have a great day!
      The BDSwiss Team

    • Hi Niketh, thank you for reaching out. To assist you further with your query please contact us at support@bdswiss.com. Our Team would be able to respond to any questions or clarifications you may have. Have a great day!
      The BDSwiss Team

    • Hi Kim, thank you for your comment, yes BDSwiss is operating in Canada under BDS Ltd whish is authorized and regulated by the Financial Services Authority (FSA) Seychelles under license number SD047. If you have any concerns about the call you received, you can contact us at support@bdswiss.com and share with us some more information and our Team will happily investigate this for you.
      Thank you,
      The BDSwiss Team

  9. There have been many complaints from users online regarding withdrawals. These users have been upset by the difficulty they faced when attempting to withdraw their funds. Some say that they faced substantial delays when trying to withdraw, some for several months. The users further complain that accounts are still susceptible to inactivity fees during this time, losing money because they are unable to withdraw.

    • Hi Tom, usually, a withdrawal request is processed by BDSwiss within 24 hours given that all the necessary documentation is provided and approved by our team. If you have any pending withdrawal issues that you would like us to investigate or if you have any questions or require any assistant or clarifications, please do not hesitate to provide us with your BDSwiss account information and our Team will happily look into these further for you. Alternatively, you can always reach out to us at support@bdswiss.com.
      The BDSwiss Team

  10. Traders at BDSwiss.com only can withdraw profits if they can deposit and withdraw via bank wire with IBAN number.

    This is from the CLIENT AGREEMENT TERMS & CONDITIONS FOR FOREX AND CFDs
    April 2021 – Version 15, in the small print:

    18.2.7 Withdrawals should be made using the same method used by the Client to fund his trading account and to the same remitter.

    18.2.9 All the Profits generated can be withdrawn by the Clients only via bank wire, after providing a bank statement with the name and account number or using any other method as may be specified and available from time to time by the Company on the client dashboard.

    Country like USA, Australia, Canada, India, Russia, China, New Zealand and many more …………. do not use IBAN bank numbers and people from this countries will have a problems to withdraw via bank wire.

    Good luck

    • Hi Naso, there are various ways which you can use to withdraw your profits and funds from your BDSwiss account, based on the country you reside, whether you have an IBAN or not. To assist you further with this query or if you like us to assist you with any clarifications, please provide us with your BDSwiss account details in your next reply. Alternatively, feel free to contact us at support@bdswiss.com and our Team will be able to guide and advise you accordingly.
      Have a great day!
      The BDSwiss Team

  11. Hi Tom, usually, a withdrawal request is processed by BDSwiss within 24 hours given that all the necessary documentation is provided and approved by our team. If you have any pending withdrawal issues that you would like us to investigate or if you have any questions or require any assistant or clarifications, please do not hesitate to provide us with your BDSwiss account information and our Team will happily look into these further for you. Alternatively, you can always reach out to us at support@bdswiss.com.
    The BDSwiss Team

  12. I have a question I have a demo account with I trade with a leverage of 1:500 if I open a real account can I trade directly with a leverage of 1:500??

  13. Hi Ali, thank you for your comment. To assist you with this query further we would like to kindly invite you contact us directly at support@bdswiss.com and our Team will happily provide you with more details.
    Have a great day!
    The BDSwiss Team

  14. I wish to use Automated Trading when I open the account. However, Ten Times Profit which I thought I would use no longer posts trading results since 15th July. What happened? What minimum deposit do I require to make for the Automated Account. Can u copy your reply via my Email account?. Thanks

    • Hi Norman,
      To be able to assist you further with your inquiry we would would like to invite you to contact us at support@bdswiss.com where our Team will be able to provide you with more information which is specific to your account and personal requirements.
      Thank you for your understanding.
      The BDSwiss Team

  15. Why are there many complaints about Withdraw process? Why can’t you positively review your Withdraw policy so that customers get satisfied with your service?

    • Thank you for your comment Norman.
      Withdrawal delays could be caused from several factors. Our withdrawal procedure is dictated by various anti money laundering laws and regulations to ensure client-funds safety. These, may sometimes delay the withdrawal process especially when customer documentation is not in line with what’s required. In addition, as BDSwiss operates globally, offering a wide range of withdrawal solutions, sometimes, delays may occur due to the customer’s country of origin, financial institution and the choice of the means of withdrawal and processing provider. Usually, withdrawals are processed by our Team with 24hours.
      If you require any further assistance or clarification please contact us at support@bdswiss.com and our Team will assist you further.
      Thanks again,
      The BDSwiss Team

  16. Signed up to a site to trade crypto that is powered and supported by BDSwiss and am having huge issues withdrawing my BTC to my coinbase wallet. I have emailed support and tried chatting with them live and have received no help or answers. How can I get something done?

    • Hi Alex, thanks for your message, would it be possible provide the name or URL of the site you are referring to? Also, could you provide us with your BDSwiss account number, if you have one?
      Thank you.
      The BDSwiss Team

      • The site is GLprimetrading. It says that your the support team taking care of that site. I opened a ticket with you guys and have received nothing back after that. Ticket #1019671. Trying to send by BTC to another wallet and it just not moving. Thank you for any help you can provide.

      • Site is GLPRIMETRADING. It says your group is the one running support for them. I’m trying to transfer out my BTC to another wallet and it’s not letting me. Opened a ticket with you guys but have not received any info. Ticket number is 1019671. Appreciate any help you can provide.

  17. Hi Alex,
    Thanks for providing  the above details. We have passed this internally for further investigation and a member of our Team will be in contact with you soon.
    Thank you for your patience and understanding.
    The BDSwiss Team

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